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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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‘Built different builds different’: Embracing neurodiversity in investment

Embracing neurodiversity might not just be the key to unlocking collaboration, creativity and productivity in investment teams, it could also be the key to better returns, the Fiduciary Investors Symposium has heard.

Culture Club: CalPERS puts people first in talent reboot under new CIO

Only two months in and CalPERS' new CIO Stephen Gilmore has already made his mark, with plans to overhaul talent and culture in the investment office, meeting frequency and the number of strategic initiatives slashed and an increased focus on data and technology to improve efficiency and reduce risk.

Liquid asset: Investing in water is good for returns, good for the planet

Water is a finite and scarce commodity, and institutional asset owners have a big part to play in ensuring the long-term conservation and management of water resources – not only for their direct beneficiaries, but also for the long-term good of the planet and future generations.

Utah’s URS: Why fossil fuels and alt energy hold key to climate crisis

US public funds should stop wasting time on thinly veiled political activism, ditch ESG conferences and repurpose most of their sustainability staff, says URS’ CIO John Skjervem. Instead they should invest in proven energy investments and move from either/or to both/and which allows fossil fuels to jostle alongside alt energy.

How long-term investors should think about stock-bond correlations

Asset owners that are long-term investors should be wary of the conventional model of assessing the stock-bond correlation that is based on several “implicit assumptions”, the Fiduciary Investors Symposium has heard. Instead, the question investors should be asking is: are bonds a hedge or a risk?

AI already driving ‘biggest transformation in the economy we’ve ever seen’

The economic impact of AI can be better measured if every job is broken down into its component tasks, and the impact on each of those tasks is valued. The Fiduciary Investors Symposium heard that on this basis, we’re seeing the biggest economic transformation ever.

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